The UK Economy

Mining Licences Granted for Mpokoto Gold Project Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has been granted four Mining Licences covering the Mpokoto Gold Project in the Katanga Province of the Democratic Republic of Congo, which has a current Total Mineral Resource of 678,000oz gold from 14.58 million tonnes […]

Sale of large high value diamonds from Lemphane Kimberlite, Lesotho, Africa Paragon Diamonds Limited, the AIM quoted diamond development company, has successfully sold a number of stones recovered during the Company’s 2013 bulk sampling programme at its flagship Lemphane kimberlite pipe in Lesotho. Lemphane is located among a cluster of actively mined kimberlites known for […]

CONFIRMATION OF PORPHYRY BY GEOPHYSICS: KIZILITEPE SECTOR Ariana Resources, the gold exploration and development company focused on Turkey, has announced the confirmation of a mineralised sub-volcanic porphyry at the Kepez prospect in the Kiziltepe Sector of the Red Rabbit Project, which it holds in a joint venture with Proccea Construction Co. Highlights: – Porphyry identified […]

Looks like they might be doing so. Europa Oil & Gas (Holdings) plc, the AIM quoted oil and gas exploration and development company with a combination of producing and exploration assets in Europe, is holding its Annual General Meeting later today. At the meeting, Chairman Bill Adamson said: “The drilling of the Wressle well in […]

Will they takeover? BP have said that they are now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures the effectiveness […]

Drilling Update at Schonberg Project Noricum Gold Limited, the Austrian focused gold exploration and development company, has provided an update on drilling being undertaken at the 100% owned Schonberg Gold and Precious Metals Project, located in an historic copper mining zone in south-central Austria. Previous exploration has already identified up to eight veins along a […]

Award of blocks in the competitive 2013 EGAS bid round BP Egypt has confirmed today that it has been awarded two new exploration blocks as a result of the 2013 EGAS bid round. BP and its partners have committed to invest a total of $240 million in the blocks over different phases. Block 3 – […]

Pension Funds-Led Litigation Results in Third Largest MBS Class Action Payment A federal judge has given final approval to a $275 million cash settlement in the mortgage-backed (MBS) class action litigation against Royal Bank of Scotland (RBS) and others led by New Jersey Carpenters Health Fund and the Boilermaker Blacksmith Pension Trust, along with additional […]

Latest Operations Update reveals all Goldplat plc, the AIM listed gold producer in Africa, announces an operations update for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya. The Directors remain confident that the Company is on track to report an operating profit for FY […]

Down £0.7bn on Q3 2013 BP has reported its financial results for the third quarter of 2014. Underlying replacement cost profit for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating […]